The Biochar market is projected to grow at a CAGR of 8.05% to reach US$1,529.13 million in 2024 from US$960.756 million in 2018. Growing global consumption of organic food is one of the major drivers of the biochar market. Rising demand for biochar for soil amendment in order to increase agricultural productivity to reduce global food insecurity is also propelling its global market growth. Geographically, North America holds a significant market share on account of rising use of biochar for different applications. Favorable government initiatives to carry out extensive R&D in biochar applications for soil amendment are further supporting the growth of North America Biochar market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Biochar value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Biochar market.
Major industry players profiled as part of the report are Biomass Solutions & Equipment International Corp., Airex Energie Inc., SynTech Bioenergy, LLC, BioFire SIA LATVIA, and Cool Planet among others.
The Biochar market has been analyzed through following segments:
By Production Technology
Food and Forestry Waste
Middle East and Africa
Key insights offered
What will be the Biochar market size from 2017 to 2023?
How are the major drivers and restraints affecting the Biochar market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.